Nova Workforce Institute Of Northeast Louisiana Inc
- Assets
- $347.9k
- Revenue
- $541.2k
- Investments
- $0.0
- Employees
- 10
- Location
- Monroe, LA
- Founding
- 05/2008
- Data as of
- 12/2021
- EIN
- 30-0462723
Organization Overview
Nova Workforce Institute Of Northeast Louisiana Inc is located in Monroe, LA. The organization was established in 2008. According to its NTEE Classification (B60) the organization is classified as: Adult Education, under the broad grouping of Education and related organizations. As of 12/2021, Nova Workforce Institute Of Northeast Louisiana Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nova Workforce Institute Of Northeast Louisiana Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Nova Workforce Institute Of Northeast Louisiana Inc generated $541.2k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $541.2k during the year ending 12/2021. While expenses have increased by 7.3% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
JOB TRAINING AND RETRAINING FOR LOW INCOME INDIVIDUALS. THE ORGANIZATION SERVES TO CONNECT THE NEEDS OF EMPLOYERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION SERVES TO CONNECT THE NEEDS OF EMPLOYERS WITH JOB-TRAINING ENTITIES AND LOCAL RESIDENTS WHO ARE LOOKING FOR A CAREER PATH TO A LIVING WAGE JOB WITH BENEFITS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul West Executive Director | Officer | 40 | $82,900 |
Kristin Wolkart Vice President | Officer | 5 | $0 |
Robert Hartmann President | Officer | 5 | $0 |
Jeff Laudenheimer Secretary-Treasurer | Officer | 5 | $0 |
Louis G Scott Board Member | Trustee | 5 | $0 |
Thomas Proger Board Member | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $499,962 |
| All other contributions, gifts, grants, and similar amounts not included above | $41,259 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $541,221 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $541,221 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $82,900 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $223,399 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $71,778 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $191 |
| Office expenses | $10,567 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $27,304 |
| Travel | $8,001 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,527 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,881 |
| All other expenses | $78,564 |
| Total functional expenses | $541,221 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $259,502 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $80,290 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $8,093 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $347,885 |
| Accounts payable and accrued expenses | $23,591 |
| Grants payable | $0 |
| Deferred revenue | $324,294 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $347,885 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $347,885 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Nova Workforce Institute Of Northeast Louisiana Inc has recieved totaling $64,190.
| Awarding Organization | Amount |
|---|---|
Local Initiatives Support Corporation New York, NY PURPOSE: SEE PART IV | $44,190 |
Foundation For The Mid South Inc Jackson, MS PURPOSE: TO SUPPORT EFFORTS TO TRAIN AND FULLY CREDENTIAL AT LEAST TWENTY (20) ADULTS WHOSE PARTICIPATION IN THE WORKFORCE HAS BEEN NEGATIVELY IMPACTED BY COVID-19. | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Houston Area Contractors Safety Council Pasadena, TX | $102,679,863 | $32,993,689 |
Api Fund For Payroll Education Inc San Antonio, TX | $20,801,740 | $7,778,526 |
Texas Association Of School Business Officials Austin, TX | $13,552,555 | $8,546,890 |
Wellmed Charitable Foundation San Antonio, TX | $5,288,908 | $6,529,021 |
M E B Alliance For Educator Diversity Inc Austin, TX | $22,314,291 | $21,147,131 |
Center For American And International Law Plano, TX | $32,656,244 | $3,952,050 |
Construction Education Foundation Inc Dfw Airport, TX | $1,773,818 | $2,270,031 |
Rain Drop Foundation Inc Houston, TX | $11,714,066 | $2,130,496 |
Texas Liver Institute Inc San Antonio, TX | $8,384,288 | $2,734,307 |
Marcana Enterprises Inc El Paso, TX | $1,883,533 | $2,963,942 |
Transmit Receive Labs Inc Houston, TX | $1,236,102 | $2,595,127 |
Marcus Graham Project Dallas, TX | $253,522 | $2,244,629 |